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10000 Palma Linda Way, Orla...

Updated Oct 28, 2024

Blackfish Investments Acquires Multifamily Property In Orlando For $68.5M
SOLDMultiFamily

Blackfish Investments Acquires Multifamily Property In Orlando For $68.5M

10000 Palma Linda Way, Orlando, FL, USA

$68,500,000

$10/SF

Building Size

6,821,579 SF

Asset Type

MultiFamily

Closing

Jun 3, 2021

About this deal

AI

Blackfish Investments, represented by Dave Freeman, purchased a multifamily property located at 10000 Palma Linda Way in Orlando. The property, sold by Epoch Residential, was brokered by Brett Moss, Matthew Wilcox, and Tyler Swidler of Berkadia. The sale price for the property was $68,500,000, with a total of 250 units available. The price per unit was $274,000.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $68,500,000
  • Address: 10000 Palma Linda Way, Orlando
  • Buyer: Blackfish Investments - Dave Freeman
  • Seller: Epoch Residential
  • Brokers: Brett Moss, Matthew Wilcox, and Tyler Swidler - Berkadia
  • Units: 250
  • Price per Unit: $274,000

Dave Freeman from Blackfish Investments spearheaded the acquisition of the property, partnering with Berkadia brokers Brett Moss, Matthew Wilcox, and Tyler Swidler. This successful transaction highlights the active real estate market in Orlando and the attractive investment opportunities available in the multifamily sector. Blackfish Investments' acquisition of the Palma Linda Way property marks a significant addition to their portfolio.

On the Map

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$68,500,000

$10/SF

MultiFamily

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Players

Matt Wilcox

Berkadia

Broker

$439.3M

vol

6 deals

Broker
BI
Blackfish InvestmentsBuyer
ER
Epoch ResidentialSeller
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Orlando MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $10 per square foot on a published $68.5M for 6,821,579 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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